Just saw the news that the recent purchase by the chinese has been given approval by the minister. Whether this is the same as getting foriegn investment board approval is yet to be seen (as they are supposed to be independent of the minister). Anyway just looking over the future EPS, it is predicted to be around 34.3 for 2009. Current share price is $3. Would a 40% takeover premium be justified? ie. $4.2. The EPS for 2010 is 54.2. Using a PE of 10, for its relatively short mine life, the share is still worth $5.4. The chinese seem to have gotten a real good bargin out of this deal.
- Forums
- ASX - By Stock
- MGX
- fair takeover premium
fair takeover premium
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
31.3¢ |
Change
0.008(2.46%) |
Mkt cap ! $380.7M |
Open | High | Low | Value | Volume |
30.5¢ | 31.5¢ | 30.5¢ | $100.9K | 324.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 239825 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 262176 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 242888 | 0.310 |
12 | 637865 | 0.305 |
28 | 647018 | 0.300 |
11 | 286628 | 0.295 |
10 | 210694 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 116935 | 8 |
0.320 | 125362 | 8 |
0.325 | 128947 | 10 |
0.330 | 152800 | 8 |
0.335 | 242829 | 9 |
Last trade - 10.45am 02/09/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online